• Dec. 19, 2016, 4:07 PM
    • H.C. Wainwright initiates coverage on Cidara Therapeutics (NASDAQ:CDTX) with a Buy rating and $25 (136% upside) price target.
    • Janney Capital initiates coverage on Acorda Therapeutics (NASDAQ:ACOR) with a Neutral rating and $23 (23% upside) price target.
    • Piper Jaffray initiates coverage on Recro Pharma (NASDAQ:REPH) with an Overweight rating and $12 (68% upside) price target.
    • Oppenheimer upgrades DexCom (NASDAQ:DXCM) to Outperform from Perform.
    • Jefferies upgrades Bristol-Myers Squibb (NYSE:BMY) to Buy from Hold.
    • Jefferies downgrades Merck (NYSE:MRK) to Underperform from Hold.
    Dec. 19, 2016, 4:07 PM
  • Dec. 16, 2016, 11:43 AM
    • Recro Pharma (REPH +4.9%) finalizes its public offering of 6.67M common shares at $6. Net proceeds of ~$36.9M will fund the NDA and preparations for commercial activities for IV meloxicam and the planned Phase 3b program as well as general corporate purposes.
    Dec. 16, 2016, 11:43 AM
  • Dec. 13, 2016, 10:47 AM
    • Recro Pharma (REPH +1.4%) prices its public offering of 6.5M shares of common stock at $6. Underwriters over-allotment is an additional 975K shares. Closing date is December 16.
    • Net proceeds will fund the NDA and preparations for commercial activities for IV meloxicam and the planned Phase 3b program as well as general corporate purposes.
    Dec. 13, 2016, 10:47 AM | 4 Comments
  • Dec. 8, 2016, 11:33 AM
    • In a regulatory filing, Recro Pharma (REPH -5%) reports that it has amended its Purchase and Sale Agreement with Alkermes (ALKS +0.2%) related to a potential $10M milestone payment that will be triggered upon the filing of a New Drug Application (NDA) for intravenous (IV) meloxicam. If Recro exercises its option to defer payment, the milestone due Alkermes will be increased to $15M. This would increase the aggregate milestone due Alkermes to $45M upon NDA approval.
    • Recro acquired global rights to the product candidate and a contract manufacturing facility from Alkermes in March of last year.
    • Previously: Recro Pharma buys assets from Alkermes in a $170M deal (March 9, 2015)
    Dec. 8, 2016, 11:33 AM | 1 Comment
  • Dec. 2, 2016, 12:42 PM
    Dec. 2, 2016, 12:42 PM | 4 Comments
  • Dec. 2, 2016, 10:56 AM
    Dec. 2, 2016, 10:56 AM
  • Nov. 28, 2016, 12:52 PM
    Nov. 28, 2016, 12:52 PM | 1 Comment
  • Nov. 28, 2016, 11:00 AM
    Nov. 28, 2016, 11:00 AM
  • Nov. 28, 2016, 7:48 AM
    • A Phase 3 clinical trial assessing Recro Pharma's (NASDAQ:REPH) IV meloxicam for the treatment of serious acute pain met its primary endpoint of a statistically valid difference in pain relief compared to placebo in patients following abdominoplasty surgery.
    • Study participants (n=219) were randomized 1:1 to receive either IV meloxicam or placebo once every 24 hours following surgery. The IV meloxicam cohort showed a statistically significant reduction in pain intensity as measured by a scale called SPID24 versus placebo (p=0.0145). The trial also achieved 10 secondary endpoints.
    • IV meloxicam was well-tolerated with no difference in the incidence of serious adverse events related to bleeding compared to placebo (one each). The most common adverse events in the IV meloxicam group were nausea, headache, vomiting and dizziness. All occurred less frequently than the placebo cohort. The majority were mild in nature.
    • The company intends to submit the data for presentation at a future scientific conference or for publication. It expects to file a New Drug Application (NDA) in the U.S. next summer.
    • Shares are up 20% premarket on increased volume.
    Nov. 28, 2016, 7:48 AM
  • Nov. 10, 2016, 7:06 AM
    • Recro Pharma (NASDAQ:REPH): Q3 EPS of -$0.50 beats by $0.21.
    • Revenue of $16.95M (+2.5% Y/Y) beats by $3.45M.
    • Press Release
    Nov. 10, 2016, 7:06 AM
  • Oct. 7, 2016, 11:48 AM
    • Lexicon Pharmaceuticals (NASDAQ:LXRX) initiated with Buy rating and $26 (38% upside) price target by H.C. Wainwright.
    • Zynerba Pharmaceuticals (NASDAQ:ZYNE) initiated with Buy rating and $22 (54% upside) price target by H.C. Wainwright.
    • Mazor Robotics (NASDAQ:MZOR) initiated with Buy rating and $25 (10% upside) price target by B. Riley.
    • Lipocine (NASDAQ:LPCN) initiated with Buy rating and $25 (350% upside) price target by H.C. Wainwright.
    • TG Therapeutics (NASDAQ:TGTX) initiated with Buy rating and $28 (218% upside) price target by Brean Capital.
    • Immunomedics (NASDAQ:IMMU) initiated with Buy rating and $5.50 (113% upside) price target by Jefferies.
    • AmerisourceBergen (NYSE:ABC) initiated with Neutral rating by UBS.
    • ARIAD Pharmaceuticals (NASDAQ:ARIA) initiated with Buy rating and $22 (65% upside) price target by SunTrust Robinson Humphrey.
    • Amarin (NASDAQ:AMRN) initiated with Buy rating and $6 (92% upside) price target by Cantor Fitzgerald.
    • Corbus Pharmaceuticals (NASDAQ:CRBP) initiated with Buy rating and $17 (94% upside) price target by Cantor Fitzgerald.
    • Heron Therapeutics (NASDAQ:HRTX) initiated with Buy rating and $41 (142% upside) price target by Brean Capital.
    • Zogenix (NASDAQ:ZGNX) initiated with Outperform rating and $17 (64% upside) price target by Leerink Swann.
    • GW Pharmaceuticals (NASDAQ:GWPH) initiated with Outperform rating and $162 (23% upside) price target by Leerink Swann. Initiated with Buy rating and $189 (44% upside) price target by Goldman Sachs.
    • SAGE Therapeutics (NASDAQ:SAGE) initiated with Outperform rating and $68 (57% upside) price target by Leerink Swann.
    • Alexion Pharmaceuticals (NASDAQ:ALXN) initiated with Buy rating and $221 (79% upside) price target by Brean Capital.
    • Axsome Therapeutics (NASDAQ:AXSM) initiated with Buy rating and $20 (136% upside) price target by Brean Capital.
    • Recro Pharma (NASDAQ:REPH) initiated with Buy rating and $21 (156% upside) price target by Brean Capital.
    • SCYNEXIS (NASDAQ:SCYX) initiated with Buy rating and $16 (226% upside) price target by Brean Capital.
    • Sorrento Therapeutics (NASDAQ:SRNE) initiated with Buy rating and $15 (94% upside) price target by Roth Capital.
    • Global Blood Therapeutics (NASDAQ:GBT) initiated with Outperform rating and a $75 - 81 (322% upside from midpoint) target price range by Wells Fargo.
    • Alder Biopharmaceuticals (NASDAQ:ALDR) initiated with Buy rating and $45 (49% upside) price target by Brean Capital.
    Oct. 7, 2016, 11:48 AM | 8 Comments
  • Sep. 2, 2016, 7:52 AM
    • Athenahealth (NASDAQ:ATHN) initiated with Hold rating by Stifel Nicolaus.
    • Juno Therapeutics (NASDAQ:JUNO) initiated with Sell rating and $23 (15% downside risk) price target by BTIG Research. Initiated coverage on Kite Pharma (NASDAQ:KITE) with Neutral rating.
    • Gemphire Therapeutics (Pending:GEMP) initiated with Buy rating and $17 (26% upside) price target by Canaccord Genuity. Initiated with Outperform rating and $25 (86% upside) price target by RBC Capital.
    • Galapagos NV (NASDAQ:GLPG) initiated with Buy rating and $64 (18% upside) price target by Janney Capital.
    • Sophiris Bio (NASDAQ:SPHS) initiated with Overweight rating and $7 (138% upside) price target by Piper Jaffray.
    • Cantel Medical (NYSE:CMN) initiated with Buy rating and $83 (9% upside) price target by Benchmark.
    • Recro Pharma (NASDAQ:REPH) initiated with Buy rating and $21 (122% upside) price target by Janney Montgomery Scott.
    • Theravance Biopharma (NASDAQ:TBPH) initiated with Buy rating and $41 (42% upside) price target by Evercore ISI.
    • Intuitive Surgical (NASDAQ:ISRG) initiated with Outperform rating by Raymond James.
    Sep. 2, 2016, 7:52 AM
  • Aug. 24, 2016, 9:04 AM
    • Insys Therapeutics (NASDAQ:INSY) is ahead 9% premarket on increased volume in response to its announcement of successful results in its Phase 3 study assessing Buprenorphine Sublingual Spray for the treatment of moderate-to-severe postoperative pain in patients undergoing bunionectomy, a procedure that requires an incision on the top or side of the big toe joint.
    • The primary endpoint was the summed pain intensity difference over 48 hours. The three dosages of Buprenorphine evaluated (0.5 mg 3x/day, 0.25 mg 3x/day, 0.125 mg 3x/day) were all statistically significantly better than placebo with the highest dose showing the largest reduction (expected for a pain medication).
    • The company plans to discuss the results with the FDA by year end as well as the steps required to file a New Drug Application (NDA).
    • Update: Slingshot Insights has a proposed expert interview to better understand these results as well as Recro Pharma's (NASDAQ:REPH) late-stage data on IV meloxicam. Astute investors will want to participate.
    Aug. 24, 2016, 9:04 AM | 10 Comments
  • Aug. 17, 2016, 7:05 AM
    • Recro Pharma (NASDAQ:REPH) prices its public offering of 1,986,666 shares of common stock at $7.50. Closing date is August 19. Net proceeds will fund the continued clinical development of injectable meloxicam and general corporate purposes.
    • Yesterday's close was $8.60 so expect a down day.
    Aug. 17, 2016, 7:05 AM
  • Aug. 11, 2016, 7:15 AM
    • Recro Pharma (NASDAQ:REPH): Q2 EPS of -$0.83 misses by $0.05.
    • Revenue of $17.28M (-7.4% Y/Y) beats by $1.85M.
    • Press Release
    Aug. 11, 2016, 7:15 AM
  • Jul. 27, 2016, 12:44 PM
    Jul. 27, 2016, 12:44 PM